GE Vernova's Trading Volume Surges 44.81% Ranking 32nd in Market as Norway Project Boosts Green Energy Transition

On May 21, 2025, GE's trading volume reached 17.88 billion, marking a 44.81% increase from the previous day, ranking 32nd in the day's stock market. GE Vernova (GEV) rose by 0.66%, marking its fourth consecutive day of gains, with a total increase of 6.10% over the past four days.

GE Vernova is set to deliver two SF₆-free 420 kV gas-insulated substations (GIS) in Norway, utilizing its g³ technology to reduce greenhouse gas emissions. These substations are part of Statnett’s 420 kV transmission line project, aiming to modernize Norway’s grid, increase capacity, and enable the electrification of Melkøya Island, home to Equinor’s Snøhvit gas field and Hammerfest LNG plant. The Skaidi substation will involve upgrading the existing facility, while the Hyggevatn substation will be a completely new installation. The project aligns with Statnett’s and Equinor’s commitment to achieving a sustainable energy transition while reducing greenhouse gas emissions.

GE Vernova’s g³ technology replaces SF₆ gas, a potent greenhouse gas commonly used in high-voltage equipment. The g³ technology is part of GE Vernova’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to meet their net-zero objectives. Launched in 2014, g³ gas shows an approximately 99% reduction in greenhouse gas contribution to global warming compared to SF₆, supporting the energy sector’s decarbonization goals. The technology roadmap covers a wide range of voltage levels, from 72.5 kV up to 550 kV, and has been recognized by the EU Commission LIFE Programme for its innovative potential.

Eric Chaussin, Power Transmission Business Leader at GE Vernova’s Electrification segment, highlighted the strong commercial growth of the g³ product portfolio since its launch, underscoring the trust placed in g³ by over 60 utilities in Europe and Asia. The project in Norway marks another important milestone in GE Vernova’s journey to electrify and decarbonize the world’s grids, supporting the climate ambitions of Norway. The substations are expected to become operational by 2029, with GE Vernova having a track record of successful GIS Substations in Norway, including in Oslo Smestad, Sogn, and Hamang.